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What do we mean when we talk about business angels? Some reflections on definitions and sampling

Avdeitchikova, Sofia LU ; Landström, Hans LU and Månsson, Nils LU (2008) In Venture Capital 10(4). p.371-394
Abstract
Early research on business angels recognized a couple of methodological obstacles that significantly have hindered knowledge accumulation about the phenomenon. In this article we will reflect upon these methodological obstacles with focus on definitional issues and sampling techniques. The purpose is to provide a framework that systemizes and inter-relates the variety of definitions within the field as well as to critically review the sampling techniques currently applied in the research field. We maintain that researchers need to make conscious definitional choices when conducting studies of informal investors and business angels, and argue that changing the unit of analysis from investor level to deal level can help to avoid definitional... (More)
Early research on business angels recognized a couple of methodological obstacles that significantly have hindered knowledge accumulation about the phenomenon. In this article we will reflect upon these methodological obstacles with focus on definitional issues and sampling techniques. The purpose is to provide a framework that systemizes and inter-relates the variety of definitions within the field as well as to critically review the sampling techniques currently applied in the research field. We maintain that researchers need to make conscious definitional choices when conducting studies of informal investors and business angels, and argue that changing the unit of analysis from investor level to deal level can help to avoid definitional inconsistencies. Further, we suggest two alternative ways of creating high quality samples of business angels and informal investors – the random sample approach and the multi-sample approach. Both procedures reduce the sample bias and allow for longitudinal analysis which is argued to be essential in future research. (Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
methodology, informal investors, business angels
in
Venture Capital
volume
10
issue
4
pages
371 - 394
publisher
Taylor & Francis
external identifiers
  • scopus:54049151672
ISSN
1369-1066
DOI
10.1080/13691060802351214
language
English
LU publication?
yes
id
76ab5e55-746f-471a-bdc3-c9196db9824c (old id 3127881)
date added to LUP
2012-10-10 07:19:29
date last changed
2017-05-28 04:02:08
@article{76ab5e55-746f-471a-bdc3-c9196db9824c,
  abstract     = {Early research on business angels recognized a couple of methodological obstacles that significantly have hindered knowledge accumulation about the phenomenon. In this article we will reflect upon these methodological obstacles with focus on definitional issues and sampling techniques. The purpose is to provide a framework that systemizes and inter-relates the variety of definitions within the field as well as to critically review the sampling techniques currently applied in the research field. We maintain that researchers need to make conscious definitional choices when conducting studies of informal investors and business angels, and argue that changing the unit of analysis from investor level to deal level can help to avoid definitional inconsistencies. Further, we suggest two alternative ways of creating high quality samples of business angels and informal investors – the random sample approach and the multi-sample approach. Both procedures reduce the sample bias and allow for longitudinal analysis which is argued to be essential in future research.},
  author       = {Avdeitchikova, Sofia and Landström, Hans and Månsson, Nils},
  issn         = {1369-1066},
  keyword      = {methodology,informal investors,business angels},
  language     = {eng},
  number       = {4},
  pages        = {371--394},
  publisher    = {Taylor & Francis},
  series       = {Venture Capital},
  title        = {What do we mean when we talk about business angels? Some reflections on definitions and sampling},
  url          = {http://dx.doi.org/10.1080/13691060802351214},
  volume       = {10},
  year         = {2008},
}